Former Bayer exec to plead guilty in rubber chemicals probe

WASHINGTON (Nov. 23)–Former Bayer A.G. executive Martin Petersen has agreed to plead guilty to charges of participating in a conspiracy to fix prices in the rubber chemicals market during 2000-01.

Petersen was head of global marketing and sales for Bayer’s rubber business group during the time in question. He faces up to three years imprisonment and a $350,000 fine, according to the Justice Department.

Petersen, a German national, agreed to assist the government in its ongoing rubber chemicals investigation, the DOJ said.

Bayer A.G. earlier agreed to plead…

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